The Efficiency of China's Stock Market

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By investigating the efficiency of China's stock market in accordance with the theoretical framework of the Efficient Market Hypothesis, this book focuses on weak form and semi-strong form market efficiency. Empirical tests have been intensively conducted on the random walk hypothesis, the presence of market seasonality and the price reaction to publicly released information. In addition The Efficiency of China's Stock Market provides a comparative analysis between China's stock market and other countries' stock markets.Givoly and Ovadia (1983) illustrated that, due to tax-loss-selling pressure, the
prices of many stocks over the last 35 ... demonstrated that these high returns in
January and July in the Australian market. ... can be traced to Fields (1931), who
found that the DJIA exhibited an increasing trend in advance of public holidays.

Title

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The Efficiency of China's Stock Market

Author

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Shiguang Ma

Publisher

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Ashgate Publishing, Ltd. - 2004

ISBN-13

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